Greece: 90% chance of default

Posted on September 12, 2011 by Fred Stiening

Greek 10 year bonds are over 20%.

Moody’s has downgraded 3 banks in France based on Greek exposure.

A mysterious explosion at a nuclear waste storage site in France

“click”

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3 Responses to Greece: 90% chance of default

  1. Piquerist says:
    September 12, 2011 at 4:00 pm

    That “explosion” was probably Carolus Martellus (see battle of Tours) turning over in his grave.

  2. Art Stone says:
    September 12, 2011 at 7:00 pm

    Now at the end of the day, the number (based on price of credit default swaps) is 98%.

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